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1595 Peachtree Parkway Cumm...

Atlantic Capital Partners Facilitates $17.5M Sale Of Sharon Greens Shopping Center In Cumming, GA
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Atlantic Capital Partners Facilitates $17.5M Sale Of Sharon Greens Shopping Center In Cumming, GA

1595 Peachtree Parkway Cumming, Georgia 30041, USA

$17,500,000

$178/SF

Building Size

98,301 SF

Asset Type

Retail

Closing

Aug 15, 2023

AI

Atlantic Capital Partners has facilitated the $17.5 million sale of Sharon Greens, a Kroger-anchored shopping center situated in Cumming, a northern Atlanta suburb. The property, located at 1595 Peachtree Pkwy, is a retail asset spanning 98,301 square feet. The sale price equates to approximately $178 per square foot.

Summary of transaction details

Chris Peterson, Danielle Donovan, Justin Smith, Sam Koonce, and Fred Victor, all from Atlantic Retail, played instrumental roles in the successful sale of Sharon Greens. Their expertise and negotiation skills ensured the smooth completion of the transaction. It is worth noting that Sharon Greens is located in Cumming, a desirable suburb in the northern Atlanta area.

Players

Justin Smith

Atlantic Retail

Broker

$627.5M

vol

31 deals

Broker

Cumming Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93